Altisource Offers Up To $150M For Real Estate Servicer

Law360, New York (August 21, 2013, 3:03 PM EDT) -- Altisource Portfolio Solutions SA will pay up to $150 million to acquire Los Angeles-based real estate industry servicer Equator LLC, a move that will give it a bigger presence in the sector with a broader array of offerings and an expanded client base, the company said Wednesday.

Under the terms of the deal, Altisource will fork over $70 million when the deal closes — expected within 30 days — and tack on additional payments worth as much as $80 million over the next three years, depending...
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